Principal Financial Group Inc. cut its stake in shares of Care Capital Properties Inc (NYSE:CCP) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 646,434 shares of the financial services provider’s stock after selling 63,607 shares during the quarter. Principal Financial Group Inc. owned about 0.77% of Care Capital Properties worth $17,260,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Care Capital Properties by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 15,235,975 shares of the financial services provider’s stock worth $409,391,000 after purchasing an additional 745,627 shares during the period. BlackRock Inc. grew its stake in shares of Care Capital Properties by 5,251.5% during the 1st quarter. BlackRock Inc. now owns 9,272,684 shares of the financial services provider’s stock worth $249,156,000 after purchasing an additional 9,099,410 shares during the period. State Street Corp grew its stake in shares of Care Capital Properties by 2.6% during the 1st quarter. State Street Corp now owns 3,480,889 shares of the financial services provider’s stock worth $93,530,000 after purchasing an additional 86,869 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Care Capital Properties by 39.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,402,958 shares of the financial services provider’s stock worth $90,858,000 after purchasing an additional 961,309 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Care Capital Properties by 90.0% during the 2nd quarter. American Century Companies Inc. now owns 1,330,818 shares of the financial services provider’s stock worth $35,533,000 after purchasing an additional 630,316 shares during the period. 88.88% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on CCP shares. BidaskClub raised shares of Care Capital Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.67.

Care Capital Properties Inc (NYSE CCP) opened at 24.21 on Friday. Care Capital Properties Inc has a 1-year low of $22.70 and a 1-year high of $29.17.

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Care Capital Properties Profile

Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, utilities, repairs and taxes.

Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

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